Highlights Gasoline stocks fall 2.93 million barrels Demand tests pre-pandemic highs Crude stocks fall amid rising demand, sideways production US gasoline inventories saw an unexpected decline in the week ended June 18 as implied demand tested pandemic-highs and imports plunged, US Energy Information Administration data showed June 23. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Total US gasoline stocks fell 2.93 million barrels to 240.05 million barrels, EIA said, leaving inventories around 0.7% behind the five-year average, in from a surplus of 0.4% seen during the week prior. The draw comes as total product supplied for gasoline, EIA’s proxy for demand, climbed nearly 1% to a four-week-high 9.44 million b/d, testing highs last seen in February 2020 prior to the first wave of pandemic lockdowns. Apple Mobility data shows US driving activity pushed to around 164% of the index’s January 2020 baseline in the […]